GCs are most anxious about compliance matters, a worry that is surpassing their concern about outside counsel costs, according to a new study. Released last week, the report prepared by the Association of Corporate Counsel and Serengeti Law shows that compliance was the top concern of companies for the second year in a row. According to the report, the emphasis on compliance may be causing a "ripple effect" that makes in-house counsel "less sensitive to higher hourly rates" of outside counsel.
November 01, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
General counsel are most anxious about compliance matters, a worry that is surpassing their concern about outside counsel costs, according to a new study.
The study, released Oct. 23, shows that 86 percent of 169 companies surveyed in 2005 say their main concern is “keeping track of company activities that might have legal implications.”
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